This is Episode #3 of the Maritime Cyber Security Insight.
“Our role as marine insurers is to understand the change on board of the vessels. So 'What is the change in technique? ' or 'What does the digitalization mean and where are the new risks arising out of that?' - and this is in fact our key competency and should be our key competency. We should put our clients on supports with risk assessment and risk mitigation measures to understand what the new risk is and how we get hold of that. We should also provide our clients with experience which we might already have with some clients and with solutions which work onboard. This is where we see ourselves as a partner of this industry and together we understand what digitalization is about and what is the new exposure as we call it with regard to 'cyber attacks' or 'internal cyber incidents' or 'other cyber incidents' etc., and how can we get hold of that. And at the very end, we will decide about the coverage of these risks, so you shouldn’t underwrite something which we haven’t understood and this is what we currently work on.” said, Lars Lange, Secretary General of International Union of Marine Insurance (IUMI).
Collaboration is the key in cybersecurity, we say, but in this complex business ecosystem we work within, are we familiar with the cybersecurity challenges of the stakeholders? Or the initiatives they are undertaking? In this podcast series, we will sit with the leaders of the industry representing various maritime stakeholders and explore these topics.
***
For the link to PMA's platform for cyber incident reporting, check out PMA's Merchant Marine Notice:
https://panamashipregistry.com/marine-notices/voluntary-cyber-incident-reporting-scheme/
***
International Union of Marine Insurance (IUMI):
***